Matthews International Capital Management LLC Purchases Shares of 53,656 Chagee Holdings Limited - Sponsored ADR $CHA

Key Points

• Matthews International Capital Management LLC has acquired 53,656 shares of Chagee Holdings Limited, valued at approximately $1.4 million, marking a significant investment in the company during the second quarter.
• Analyst ratings on Chagee stock vary, with a consensus rating of "Moderate Buy" and a price target of $36.44, although Wall Street Zen downgraded it to a "hold" recently.
• Chagee's stock performance shows volatility, with a current price of $17.01, and the company reported earnings of $0.05 per share, missing estimates of $0.09.

Matthews International Capital Management LLC purchased a new stake in Chagee Holdings Limited - Sponsored ADR (NASDAQ:CHA - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 53,656 shares of the company's stock, valued at approximately $1,401,000.

Separately, LBP AM SA bought a new stake in shares of Chagee in the second quarter worth $1,619,000.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Wall Street Zen lowered shares of Chagee from a "buy" rating to a "hold" rating in a research report on Sunday, September 7th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Chagee in a research report on Thursday, June 19th. They issued a "buy" rating and a $40.50 price objective on the stock. Weiss Ratings reissued a "sell (d)" rating on shares of Chagee in a research report on Saturday, September 27th. Macquarie assumed coverage on shares of Chagee in a research report on Friday, September 5th. They issued a "neutral" rating and a $19.00 price objective on the stock. Finally, CICC Research assumed coverage on shares of Chagee in a research report on Friday, June 6th. They issued an "outperform" rating and a $41.50 price objective on the stock. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $36.44.

Chagee Stock Performance

NASDAQ CHA opened at $17.01 on Friday. The stock's fifty day moving average price is $19.68. Chagee Holdings Limited - Sponsored ADR has a 1 year low of $16.17 and a 1 year high of $41.80.

Chagee (NASDAQ:CHA - Get Free Report) last posted its quarterly earnings results on Friday, August 29th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.04). The business had revenue of $465.11 million for the quarter, compared to analysts' expectations of $484.14 million.

Chagee Profile

Our Mission With every cup of our tea, we aspire to foster a global connection of people and cultures. Our Vision To modernize the tea-drinking experience through technology and innovation. Our Core Values “Customer First” is the foundational philosophy of how we make decisions and run our business. “Caring for Partners” is the core value that defines how we interact with consumers, franchise partners, suppliers, and employees.

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